The start of a new tax year is the ideal time to step back and look at how your business is really performing.
Many business owners move from one deadline to the next without reviewing the bigger picture. Accounts are filed, tax gets paid, and the year carries on. A business health check gives you the opportunity to review your finances properly and plan ahead with more confidence.
At North Devon Accounts, we often speak to business owners who are working hard but are unsure whether the business is operating as efficiently as it could be.
What is a business health check?
A business health check reviews the financial and practical side of your business, including:
- Profitability
- Cash flow
- Tax planning
- Bookkeeping systems
- Business structure
- Upcoming liabilities
It helps identify problems early and highlights opportunities to improve the way your business runs.
Why now matters
The beginning of the 2026/27 tax year gives you time to act early rather than reacting later under pressure.
Planning now can help with:
- Tax efficiency
- Dividend and salary planning (for limited companies)
- Cash flow forecasting
- Pension contributions
- Preparing for Making Tax Digital (sole traders)
This year is particularly important for sole traders and landlords as Making Tax Digital for Income Tax begins from April 2026 for many businesses with qualifying income over £50,000.
Questions worth asking
- Do you know your monthly profit position?
- Are you regularly setting money aside for tax?
- Are your bookkeeping systems still working for your business?
- Are you spending too much time managing accounts yourself?
- Do you feel in control of deadlines and obligations?
If these questions are difficult to answer, it may be time for a review.
How North Devon Accounts can help
At North Devon Accounts, we support sole traders, landlords, partnerships, and limited companies across North Devon and beyond.
We help business owners gain a clearer understanding of their finances, tax position, systems, and future plans in a straightforward and supportive way.
The new tax year is already underway. A business health check now can help you stay organised and avoid unnecessary stress later in the year.
Contact us to arrange your business health check for the 2026/27 tax year. You can click on the link below to send an email.
